reAlpha Tech Corp. (NASDAQ:AIRE) Short Interest Update

reAlpha Tech Corp. (NASDAQ:AIRE) was the target of a large growth in short interest in January. As of January 31st, there was short interest totalling 592,100 shares, a growth of 82.5% from the January 15th total of 324,400 shares. Approximately 5.0% of the company’s stock are sold short. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On reAlpha Tech

A hedge fund recently raised its stake in reAlpha Tech stock. Geode Capital Management LLC increased its position in reAlpha Tech Corp. (NASDAQ:AIRE) by 17.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 85,394 shares of the company’s stock after purchasing an additional 12,435 shares during the period. Geode Capital Management LLC owned 0.19% of reAlpha Tech worth $247,000 at the end of the most recent quarter. 1.02% of the stock is owned by hedge funds and other institutional investors.

reAlpha Tech Stock Performance

Shares of NASDAQ AIRE opened at $1.92 on Friday. The stock’s 50-day simple moving average is $1.74 and its 200-day simple moving average is $1.39. reAlpha Tech has a fifty-two week low of $0.53 and a fifty-two week high of $4.49. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.03 and a quick ratio of 1.03.

reAlpha Tech (NASDAQ:AIRE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). The company had revenue of $0.34 million for the quarter. reAlpha Tech had a negative return on equity of 45.22% and a negative net margin of 2,035.17%. Equities research analysts forecast that reAlpha Tech will post -0.16 EPS for the current year.

Analysts Set New Price Targets

Separately, Maxim Group assumed coverage on shares of reAlpha Tech in a research note on Friday, October 25th. They set a “buy” rating and a $3.00 target price for the company.

reAlpha Tech Company Profile

reAlpha Tech Corp., a real estate technology company, commercializes artificial intelligence (AI)-powered technologies. The company operates in two segments, Platform Services and Rental Business. The company offers and develops AI-based products and services to customers in the real-estate industry.